Bonds Mispriced

Rick Norkin

I have 5000 units of an FNMA pass-through mortgage back security. The bonds should be priced at $0.99 per unit, but Quicken is pricing them at $99 per unit. I can manually adjust and check the ignore update box, but they continue to update. Any ideas on how to fix this?

MontanaKarl

Fixed income is typically priced in 100 unit quantities… so you would want Quicken to reflect having 500 units to get the value right. I do think Quicken should adjust it automatically though so that you can report your actual 5,000 units… to match the $1=1 unit pricing of US Treasuries, for example. Having to record/show 500 for a corporate bond and 5,000 for a US Treasury when both represent $5,000 is silly.